Why the price of bitcoin rapidly going down - page 24.

Buladig

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Quote from: Athelstan Miller on March 19, 2018, 06:27:51 AM

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

for many reasons that cause bitcoin to drop drastically among many issues that say that all countries will not accept bitcoin, with such an issue there will be a bitcoin dump ...
but the price of bitcoin will only drop for a while because in the next few months bitcoin will rise again ...

zubrr51

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Just today, the price for Bitcoin has sharply continued its growth. There are all prerequisites for a market reversal.

ejandjm18

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The price of bitcoin is rapidly going down because of the recent negative issues of bitcoin which result of other country banned bitcoin. But this is just temporary since the Market of bitcoin is always dynamic so up and down is common.

aolin118

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many factors contribute two the rapid decline of the price of bitcoin like the policy, economy, political events. In addition, rumors also affect the price of the bitcoin.

tuhnupeppu

newbie

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There are many factors that contribute to this. As of right now, bitcoin prices are going up. This is highly related to the laws of supply and demand. Panic sellers also, sometimes known as dumpers are a major cause of this. They think the prices won't go up or it won't return any profit and end up dumping all their bitcoins. This causes a rise in supply and decreases the value of bitcoin.

dasana212

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Quote from: jackky on July 24, 2018, 06:59:37 AM

Bitcoin prices have fallen sharply in the short term due partly to bad news. Bad news such as countries banning ICO or prohibiting Bitcoin will affect the market trend and cause many investors to sell Bitcoin at low prices. So prices have fallen so fast

Bad news and panic sell is the reason why the price Bitcoin rapidly going down.
But now we can see the price Bitcoin is really have recovered. I hope there are no more negative news coming attack Bitcoin again.

frankiemalton

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If you keep an eagle eye on cryptocurrency news, you just might be able to buy or sell bitcoin profitably before everyone else catches on.

Allura74

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Quote from: kafnan on July 23, 2018, 04:20:26 PM

Just because of some people's Panic selling.here i should mention media again! Lot's of media publish article about negativity of bitcoin. Some people Trust it. And they had start panic selling. That's why it rapidly going down.

Yes, panic selling will contribute such abrupt lowering of bitcoin price and that is merely because the more people sell the more its supply in the market affecting its price and it is just an indication that there are more selling than buying activity and I think another factor is the whales activity they can manipulate such pumping and dumping of bitcoin for they are holding a bigger portion of bitcoin.

mdw1962

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I guess alotnof people answered this question already. But the main factor in crypto currency price is the supply. If countries ban a crypto currency then it's citizens will sell off thier holdings and as a result more supply of coins is in the market. More supply means lower prices. But i still believe that crypto currencies will recover and even be stronger than last year.

Coinworld98

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Whenever the price of Bitcoin goes down, we should always know that it is a temporary thing. Bitcoin will always rise again.

jaysabi

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Quote from: almaroof on July 13, 2018, 12:31:44 AM

The law of diminishing return is affecting the growth curve of bitcoin , it went up to fast within a Short period of time. It will only take some time. Its going back up. Let's keep calm

The law of diminishing returns means the people investing now are never going to see the types of gains that people in the beginning saw, but those stories of people getting rich off Bitcoin in the early days are undoubtedly driving those new investors to FOMO their way into crypto. The law of diminishing returns caps your upside here, and that also means you're taking on far more risk relative to the reward than those early adopters faced. You could get rich off a $100 speculative play if you were early enough. You have to put up tens or hundreds of thousands of dollars to see the same type of gains now, and the risk of having that much capital in a speculative and volatile asset is beyond measure.

jackky

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Bitcoin prices have fallen sharply in the short term due partly to bad news. Bad news such as countries banning ICO or prohibiting Bitcoin will affect the market trend and cause many investors to sell Bitcoin at low prices. So prices have fallen so fast

Cosbycoin

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Quote from: joburgtaxi on July 17, 2018, 03:40:20 AM

There can be many reasons for that, you can never know for sure what causes bitcoin price to go down or up, we can only assume some facts and events that take place, and tried to tied them with the price movements.

That is right but the value is not going down right now because if you look at the values in the market, we have had rise in the price since the advent of July. This might happen to continue in future as well and as we step from July to august.

Stability is the most desired aspect the investors quest for and the sign of stability is actually the signal to further investment which might bring further price appreciation.

Spend.com

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I wouldn't say rapidly going down, everything that goes up must come down as a normal practice of law. But in this case it sometimes retraces due to a heavy spike, in my opinion.

kafnan

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Just because of some people's Panic selling.here i should mention media again! Lot's of media publish article about negativity of bitcoin. Some people Trust it. And they had start panic selling. That's why it rapidly going down.

joburgtaxi

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I've heard about some big investors that were about to enter cryptocurrencies market but they will be prevented by something and this caused very big depression on the market among people.

baconlike

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There is so much bad news about BTC today, I believe that this time will soon be over and the prosperity will come to us.

_Legendary_

sr. member

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Market bitcoin is always dynamic so up and down is common, this is because bitcoins can not be controlled and everything that happens is purely from the market, until whenever bitcoin market will be forever like this.

timonig

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This is because there are various negative news related to crypto. Like major companies banning crypto advertisements on their platforms.

davehopepe05

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One reason why this might happen is because of the nature of how cryptocurrencies work. This is the one I would bet on the most. There are about million factors that can affect the value of bitcoin (or any other altcoin for that matter), and these drops are something that was only natural and expected, especially now that the market is flooded with more investors than ever.

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